It's simple: if you're paying cash, it gets rounded up (or let merchants figure it out themselves and round down as a marketing strategy). If you're paying credit/debit, then it is what it is.
At most it's going to cost a buyer 4 cents per transaction. If they have a problem with it, they can shift to debit/credit purchasing. And by rounding up the cash, maybe it'll help recoup a little of a merchants' costs in credit/debit fees. Mike On Oct 4, 2010, at 11:06 AM, McKay, Curtis wrote: > Sales tax causes items to cost odd amounts so just "getting rid" of the penny > would require people to accept prices being rounded up, or sales tax to be > rounded down, new system etc. Big boom for cash register business probably. > > > Curtis McKay > Network Administrator > Belleville Township High School District 201 > cmc...@bths201.org > > -----Original Message----- > From: tech-geeks-boun...@tech-geeks.org > [mailto:tech-geeks-boun...@tech-geeks.org] On Behalf Of Mike Oliveri > Sent: Monday, October 04, 2010 10:34 AM > To: Tech-Geeks Mailing List > Subject: Re: [tech-geeks] OT --- Shocking Story! > > > Last I heard, pennies cost 1.5 cents to make. Every time someone in gov > discusses getting rid of them, though, there's an outcry to keep them, > largely for sentimental reasons. So it never goes anywhere. > > Mike > > On Oct 4, 2010, at 10:24 AM, Joseph Simshauser wrote: > >> Newer pennies are less then 5% copper and the rest is zinc... I think. >> >> Joseph Simshauser >> sims...@stclair.k12.il.us >> Technology Department >> Cahokia Unit School District 187 >> http://cusd187.stclair.k12.il.us/techweb/ >> >> "History is much like an Endless Waltz. The three beats of War, Peace, and >> Revolution continue on forever." >> >> >> On 10/4/2010 10:20 AM, Richard Kasson wrote: >>> One of my neighbors works for Ameren and was on that job Saturday morning. >>> This guy must have really needed that bottle of Ripple. This leads me to a >>> question... How can copper be worth so much and a penny is still worth $.01? >>> >>> >>> -----Original Message----- >>> From: tech-geeks-boun...@tech-geeks.org >>> [mailto:tech-geeks-boun...@tech-geeks.org] On Behalf Of Mike Swanson >>> Sent: Monday, October 04, 2010 9:53 AM >>> To: tech-geeks >>> Subject: [tech-geeks] OT --- Shocking Story! >>> >>> http://www.chicagotribune.com/news/chi-ap-il-suspectedburglare,0,5214434.sto >>> ry >>> >>> ---------- >>> "He that is good for making excuses is seldom good for anything else." >>> --- Benjamin Franklin >>> >>> | Subscription info at http://www.tech-geeks.org | >>> >>> | Subscription info at http://www.tech-geeks.org | >>> >> | Subscription info at http://www.tech-geeks.org | > > | Subscription info at http://www.tech-geeks.org | > | Subscription info at http://www.tech-geeks.org | | Subscription info at http://www.tech-geeks.org |
